Tuesday, January 13, 2009

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Oracle India lays off over 40 people


More pink slips are being handed out in the IT sector. Enterprise software major Oracle laid off over 40 employees across its offices in India.

A company source said they were mostly in sales. "It's part of the global cost-cutting move. This is just the initial move and the numbers will definitely increase. By next week, we should get the actual figures," said an employee in the Bangalore office on condition of anonymity. When contacted by STOI, a company spokesperson speaking from Delhi said, "We will not comment."

Oracle has been operating in India since August 1993 and has about 25,000 employees in over 20 centres. It has three R&D divisions in Bangalore, Hyderabad and Noida. India accounts for the California-headquartered Oracle's largest R&D investment outside the US. Oracle India does global consulting, global support, Oracle on-demand, internet sales and financial accounting and analysis. It has an extensive network of more than 400 channel and alliance partners in India, which includes Infosys, Satyam, Sonata, Tata Consultancy Services and Wipro. The company also owns the majority stake in the Indian software company, iflex Solutions.

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